Leading UK regeneration company Harworth Group plc has completed deals on two of its regeneration sites in the Midlands as it continues to grow its presence across the region.
The final unit available at Harworth’s Bilsthorpe Business Park in Nottinghamshire, totalling 21,186 sq. ft with an external service yard of 0.3 acres, has now been sold to online automotive parts retailer Bilsport Ltd. Bilsport has moved onto the Park – already home to tenants including Nottinghamshire County Council – as they wanted to bring three previous businesses together within one single unit which they could own, rather than renting out three separate business spaces.
Following on from the deal, Harworth is now promoting remaining plots of land at the park – five plots ranging from 1.7 acres to 7.85 acres – for development or open storage uses. These plots are now being promoted by retained agents Innes England and Knight Frank.
At its Meriden development in Solihull, Harworth has also grown its income portfolio through Rebellion Biomass LLP taking a 25 year lease for 7 acres to develop a state-of-the-art biomass energy and waste water treatment facility. The deal followed Solihull Council approving the facility earlier this year as part of closing the area’s waste capacity gap. Construction of the new unit is scheduled to begin next month, with the facility set to open in early 2017.
Rebellion Biomass LLP join a range of other tenants at Meriden including Tarmac and Harworth plans to promote the remaining land at the site for further leasehold opportunities.
Ian Ball, Executive Director of Income Generation at Harworth Group plc, commented “These are two excellent deals for the company, reflecting our desire to make the most of our significant land and property portfolio in the Midlands. We look forward to welcoming further occupiers onto Bilsthorpe and Meriden prior to the end of the year.”